Free-agent right hander Ubaldo Jimenez and the Birds agreed to a deal Monday worth $48-50 million over four years, according to multiple reports. The deal is pending a physical.

Ubaldo Jimenez (AP Photo)

Jimenez, 30, was 13-9 with a 3.30 ERA and 3.43 FIP with Cleveland last year. He turned down a $14.1 million qualifying offer from the Indians, so Baltimore would have to forfeit its first-round draft pick (17th overall) to sign him.

Orioles executive vice president Dan Duquette has been searching for a veteran starter for much of the offseason to help anchor the rotation. Jimenez is 82-75 with a 3.92 ERA over eight major league seasons.

The 30-year-old right-hander broke into the majors with Colorado in 2006. His best season was 2010, when he went 19-8 with a 2.88 ERA in 33 starts for the Rockies.

SN's Ryan Fagan wrote in November that Jimenez "struggled through forgettable seasons in 2011 and 2012, but flashed his 2010 Cy Young contender form in the final four months of 2013."

Baltimore allowed 709 runs last season, more than any other team in the league that finished above .500.

Earlier Monday, South Korean right-hander Suk-min Yoon and the Orioles finalized a three-year contract for $5,575,000, a deal that could escalate to $13,075,000 if the pitcher starts 26 or more games each season.

The 27-year-old was 73-59 with a 3.19 ERA in nine seasons with the KIA Tigers in the Korean Baseball Organization.

Yoon is expected to compete for a spot in Baltimore's starting rotation.